The World Bank Seeks a Financial Analyst (GE) who reports to the WBG Regional Finance Manager. The job unit is accountable for supporting and strengthening advisory capacity and asset management functions by expanding knowledge base and applied research, and leading and coordinating the development of new investment products that respond to client needs. The unit is responsible also for thought leadership, producing and managing knowledge and research products, including presentations for missions and workshops, and applied research papers for the benefit of clients. The unit includes subject matter experts in the areas of strategic asset allocation (governance, design, and development of the investment policy, asset allocation), responsible investing (including ESG), risk management, IT and business solutions, settlements and operations. The unit also supports engagement managers in advising clients (RAMP and other official sector external clients) and contributes to capacity building in the relevant areas of expertise.
The World Bank Group (WBG) is one of the largest sources of funding and knowledge for developing countries, a unique global partnership of five institutions dedicated to ending extreme poverty and promoting shared prosperity. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners; invest in groundbreaking projects, and use data, research, and technology to develop solutions to the most urgent global challenges. Working at the World Bank Group provides a unique opportunity for you to help our clients solve their greatest development challenges. The World Bank Group offers comprehensive benefits, including a retirement plan; medical, life and disability insurance; and paid leave, including parental leave, as well as reasonable corporate accommodations for individuals with disabilities as well as new employees. We are proud to be an equal opportunity and inclusive employer with a dedicated and committed workforce, and do not discriminate based on gender, gender identity, religion, race, ethnicity, sexual orientation, or disability. If you meet our profile and wish to join our unique diplomatic workforce, kindly forward your CV and cover letter immediately.
Duties and Accountabilities:
- Produce knowledge and research content for the WBG members and other clients. This includes contributing to technical advisory missions, ad-hoc consultations, workshops, and conferences, webinars, and applied research papers/notes with emphasis on public asset management.
- Contribute to advancing expertise in strategic asset allocation (governance, investment policy, asset allocation), responsible investing (including ESG), risk management, and other areas of official sector asset management as needed. Monitor and stay abreast of market developments and relevant research in tandem with best practices and recent trends.
- Contribute to the design, development, and implementation of quantitative models; provide quantitative research for client advisory and investment products, e.g., optimization models for asset allocation, portfolio construction for fixed-income portfolios, and multi-asset class portfolios.
- Contribute to the development of new investment products, in coordination with the Advisory and Partnership (TREAP) unit, the Asset Management (TREAM) unit and other relevant units in Treasury.
- Contribute to the collaboration and cooperation across the department and VPU, across the World Bank, with clients, other development partners, research centers, and industry experts.
- Contribute to the relationships with clients, and interact with World Bank Finance Partners and other business units (e.g., Legal, ITS) to support the delivery of the work program.
- Contribute to the expansion of outreach activities by helping enhance communication, marketing, and branding of the Reserve Advisory and Management Partnership (RAMP) Program.
- Contribute to additional projects as needed within the department.
The successful candidate should have the following qualifications:
- Masters’ degree, or a higher qualification, in Economics, Finance, Statistics, Accounting, Mathematics or equivalent; with 2 years of work experience or equivalent combination of education and experience in economics and finance. Some experience with a public or private asset owner or a capital markets department (asset managers, banks, central banks, sovereign wealth funds, pensions, endowments, etc.), or with an international organization, is an asset. A professional certification e.g., CFA, would be a plus.
- Strong background and proven experience in economic or financial modeling, e.g., econometrics, modern portfolio theory, optimization applied to asset allocation models for fixed-income and multi-asset class portfolios.
- Capacity to produce research material, e.g., working papers, research notes, research reports would be a plus.
- Programming experience with Matlab, Julia, Python, R, SAS, or similar analytical tools is required.
- Familiarity with Bloomberg or other major trading and risk system is desirable.
- Capacity to introduce new ideas and implementation of new financial solutions is highly desirable.
- Excellent communication skills – both verbal and written. Experience giving presentations and communicating and interacting with a broad range of audiences.
- Proven capacity to multi-task, deliver results and respond quickly and effectively to requests.
- Fluency in English is required. Proficiency in French, Spanish or other languages is an asset.
- Excellent team player with strong interpersonal skills, and commitment to work in a team-oriented, multi-cultural environment with the highest ethical standards.